Latest investment of our Lifestyle Impact & Innovation strategy; Varjo
This latest round of investment for the firm will help advance its R&D cloud services, namely Varjo Reality Cloud, the company’s XR streaming platform that was announced earlier this year. Varjo will also continue to scale its software and hardware offering across new enterprise verticals such as design & manufacturing, engineering, education & healthcare.
This latest round of investment for Varjo has raised $40 million USD in new funding from a number of investors, Mirabaud Asset Management among them.
“Our new funding is a testament to the incredible growth Varjo has seen over the past few years as interest for enterprise XR adoption grows,” said Timo Toikkanen, Varjo CEO. “The vision for a true-to-life metaverse for professionals is already here, and we are proud to be the first and only company in the world to continue to deliver human-eye resolution virtual and mixed reality technology to the largest and most iconic enterprises in the world.”
We are looking forward to working closely with Timo Toikkanen and his team!